Manitowoc Company Inc. has reported its first-quarter 2025 financial results, revealing net sales of $471 million. The company achieved an adjusted EBITDA of $22 million and recorded orders totaling $610 million. The non-new machine sales segment saw an 11% year-over-year increase, amounting to $161 million. Additionally, the company highlighted a significant improvement in its key safety metric, with the recordable injury rate dropping from 1.40 in Q1 2024 to 0.62 in Q1 2025. Manitowoc also reported a positive reception at the bauma trade show for its new product launches and service offerings. The integration of artificial intelligence into "The Manitowoc Way" was noted as a continuous improvement effort. In terms of market conditions, North America experienced improved order intake and stable rental utilization, though tariffs have created some demand uncertainty. Europe benefited from improved customer sentiment following a German infrastructure announcement, while the Middle East saw robust market demand and continued infrastructure project activity. In the Asia Pacific region, India remained strong, but China faced ongoing weakness, and there was a cautious outlook in South Korea and Australia. Overall, the company reported positive customer sentiment despite some pockets of uncertainty due to tariffs.